Kentucky Governor Signs Bitcoin Rights Bill into Law
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Kentucky Governor Andy Beshear signed House Bill 701, a groundbreaking legislation that provides legal protections for cryptocurrency use, exempts certain blockchain operations from strict regulations, and promotes digital asset infrastructure. The bill, passed unanimously by both legislative chambers, aims to reduce regulatory burdens and position Kentucky as a potential digital asset industry hub.
March 26, 2025 | 12:00 pm
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The new state law provides legal protections for crypto use and blockchain operations, potentially attracting more investment and reducing regulatory uncertainty for Bitcoin.
The bill's unanimous passage and pro-crypto stance could attract more institutional and retail investment, potentially driving Bitcoin's price upward by reducing regulatory risks.
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